The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elpro International Ltd & PACs
INTLCONV · price
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Elpro International Ltd, part of the promoter group of International Conveyors Ltd, has disclosed the purchase of 10,751 equity shares (0.02%) of the company through the open market on June 26, 2025. This is filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The promoter group's collective holding in International Conveyors has marginally increased from 69.93% to 69.95% post-acquisition. Other PACs including Surbhit Dabriwala (12.75%), IGE (India) Pvt Ltd (50.02%), and Smiti Somany (1.25%) continue to hold their existing stakes unchanged.
This is a minor, incremental purchase by the promoter group that nudges their combined holding up by 0.02%, signalling continued promoter confidence. Since the promoter group already holds nearly 70%, the small acquisition is unlikely to cause any meaningful shift in control or significant market reaction.